Fractal Bitcoin is creating a programmable layer secured by Bitcoin miners
Fractal Bitcoin is creating a programmable layer secured by Bitcoin miners originally appeared on TheStreet.
In an interview with TheStreet Roundtable, Spencer Yang, co-founder of Fractal Bitcoin and managing partner of BlockSpaceForce, traced his journey from building CoinMarketCap and leading retail products at Coinbase to redefining Bitcoin's potential.
After two and a half years ago, he saw a gap: while Bitcoin excels as a store of value, it can also power payments, applications and new protocols — if the right infrastructure is in place.
At Bitcoin 2025, many scaling solutions vie for attention. Yang insists Fractal's edge lies in respecting Bitcoin's core. By merge-mining with major pools Fractal aligns miner incentives and reuses Bitcoin Core software.
'About 90% of Bitcoin hash rate from mining pools like Foundry, F2Pool, Antpool and ViaBTC are merge-mining Fractal and securing Fractal network on top of securing and receiving rewards for securing a Bitcoin network,' he said.
Developers building on Fractal tap directly into Bitcoin's security — giving them a familiar, safe sandbox for innovation.
Yang outlined three guiding principles behind Fractal's protocol design. First, miners securing Bitcoin today also receive Fractal block rewards, ensuring strong incentives.
Second, Fractal uses Bitcoin Script so any developer building on Fractal also contributes to Bitcoin's security.
Third, the network makes it seamless to move assets between Bitcoin and Fractal — opening paths for productive use rather than passive holding.
When asked to explain Fractal's approach, Yang compared it to a skyscraper full of elevators. 'Bitcoin is the first level. But if users want to do something that is maybe a little bit faster, then you go to the second level, and then you go to the third level,' he said.
'What I am very optimistic about in the next five years is more innovations, not just in the on-chain parts of the space, which we are very, very strong in,' Yang said. He urged developers to explore on-chain markets and contribute to the next wave of Bitcoin-powered products.
Fractal Bitcoin is creating a programmable layer secured by Bitcoin miners first appeared on TheStreet on Jun 11, 2025
This story was originally reported by TheStreet on Jun 11, 2025, where it first appeared.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

Miami Herald
35 minutes ago
- Miami Herald
Fund manager has blunt words on Apple and its products
Apple (AAPL) has been in full focus since it disappointed both fans and investors at the Worldwide Developers Conference (WWDC). Tech developers and Apple enthusiasts alike typically look forward to this event every year, as it often includes the unveiling of new products or innovations. But this year, the highly anticipated event resulted in AAPL stock falling hard as investors reacted negatively to a disappointing update regarding one of Apple's flagship products. Don't miss the move: Subscribe to TheStreet's free daily newsletter When Apple software chief Craig Federighi took the stage at WWDC, he discussed the progress the company has made with Apple Intelligence, its artificial intelligence (AI) platform. But as he moved on to providing an update on Apple's virtual assistant Siri, things quickly took a turn for the worse, as he revealed that its AI revamp isn't coming yet. This news disappointed both Apple investors and consumers, resulting in harsh criticism from multiple financial experts. The past month has brought numerous complications for Apple, primarily from Capitol Hill. President Donald Trump has made it clear that he doesn't want the company to build iPhones in India, despite CEO Tim Cook's plans to invest $500 billion in manufacturing in the U.S. over the coming years. Related: Analyst has blunt words on Trump's iPhone tariff plans Trump seems intent on strong-arming Apple into building its flagship product on U.S. soil, no matter how many experts argue that it isn't possible, due to economic factors and a lack of labor. This list includes Wedbush Securities analyst Daniel Ives, a noted tech expert who describes Trump's vision as a "fairy tale" with almost no chance of happening. Since the underwhelming WWDC, though, many people have sounded off, expressing their disappointment in the company's execution and failure to innovate. Apple's slow approach to AI isn't news, but now it may be causing investors to lose confidence in the consumer tech leader. A well-known AAPL stock bull, Ives noted that the event revealed "slow and steady improvements" but still described it as "overall a yawner," highlighting the popular consensus that its lack of exciting updates is working against the company. He isn't the only one to raise these points. Leading the wealth management firm Gerber Kawasaki, CEO Ross Gerber is known for his blunt takes on tech stocks. He also expressed strong disdain for Apple's strategy. Gerber shared a post from an X user showing a photo of the new iPhone Control Center, with a 100% emoji, indicating that he agreed with the caption "Steve Jobs would have fired everyone." Shortly thereafter, Gerber reiterated this point, sharing an article on the disappointing WWDC, stating, "Apple is falling far from the tree." These posts imply that he believes Apple is departing from the legacy set by Steve Jobs, the company's founder and the man credited with helping make the company an industry leader. More Apple News: Apple analyst raises alarm about earnings, revenue growthShocking China news sends Apple stock surging todayApple users will hate the latest news from Capitol Hill At first glance, this may seem like wordplay designed to highlight a recent Apple news story. But given Apple's recent decisions and the controversy they've sparked, Gerber's statement could point to bigger problems that lie ahead, with the potential to compromise AAPL stock's growth. To understand the argument that Jobs "would have fired everyone," it is important to note that Apple's legacy centers around products designed with simplicity and user ease, two things that Jobs emphasized in his work leading the company. Related: Apple WWDC underwhelms fans in a crucial upgrade As CEO, he oversaw the company's progress in many areas, including the rollout of the iPod and iPhone, two products that helped change the face of modern consumer technology. If Apple is indeed falling far from the tree, as Gerber suggests, it could end up disappointing its customers even more, particularly as Jobs remains a beloved figure in the minds of many people. That said, other experts have a more positive outlook on Apple's chances of a rebound than Ives and Gerber. Wall Street veteran Chris Versace recently laid out his team's outlook in a note for TheStreet Pro, stating: "Our thinking is that as the company continues to enhance Apple Intelligence and other AI efforts, it will foster an extended upgrade cycle across its massive install base. That should trigger accelerated EPS growth, especially as Apple Silicon and the higher-margin Services business account for a larger portion of its revenue mix." Related: Heavily shorted AI stock is rapidly climbing the Fortune 500 The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Miami Herald
an hour ago
- Miami Herald
Analysts reboot Oracle stock price targets after earnings
Larry Ellison was having a good day. The chairman, co-founder and chief technology officer of Oracle (ORCL) spoke during the software company's fourth-quarter earnings call. Don't miss the move: Subscribe to TheStreet's free daily newsletter "Oracle's future is bright in this new era of cloud computing," Ellison told analysts. "Oracle will be the number one cloud database company. Oracle will be the number one cloud applications company. And Oracle will be the number one builder and operator of cloud infrastructure data centers." Oracle beat Wall Street's earnings expectations and boosted its revenue guidance, with Chief Executive Safra Katz declaring that the tech giant "is well on its way to being not only the world's largest cloud application company, but also one of the world's largest cloud infrastructure companies." "We will build and operate more cloud infrastructure data centers than all of our cloud infrastructure competitors combined," Ellison said. "Most of the world's most valuable data is stored in an Oracle database," he added. "All of those databases are moving to the cloud. Oracle's cloud, Microsoft's (MSFT) Azure cloud, Amazon's cloud or Google's (GOOGL) cloud."The results were also good news for Ellison's bank account. His net worth shot up by $26 billion to $243 billion by midday on June 12, enjoying easily the largest daily bump of any billionaire, according to Forbes data. Ellison vaulted past Amazon (AMZN) Chairman Jeff Bezos, whose net worth is $227 billion and Meta Platforms (META) CEO Mark Zuckerberg, weighing in at $239 billion, for the second spot on Forbes' real-time billionaires ranking. More Tech Stocks: Palantir gets great news from the PentagonAnalyst has blunt words on Trump's iPhone tariff plansOpenAI teams up with legendary Apple exec The only one ahead of Ellison was Tesla (TSLA) CEO Elon Musk, whose net worth totals $411 billion. Oracle's earnings jumped 9% from a year eearlier, while revenue for the quarter grew 11%, driven by cloud services. Catz said Oracle expected its total cloud growth rate - applications plus infrastructure - to increase to more than 40% in fiscal 2026 from 24% in fiscal 2025. Its cloud infrastructure growth rate is expected to reach 50% in fiscal 2025 and more than 70% in fiscal 2026. And remaining performance obligations, which measures backlogged work, is likely to more than double in fiscal 2026. Oracle stock surged on the earnings beat, with shares leaping 13% at last check to just under $200. The stock is up about 5% in 2025 and 42.5% from a year ago. "The earnings were strong," said TheStreet Pro's Stephen Guilfoyle. "The sales growth was strong. The guidance was outstanding." Guilfoyle, whose career dates back to the floor of the New York Stock Exchange in the 1980s, said in his recent column that the only thing he didn't like was the quality of the company's balance sheet. Total assets amount to $168.361 billion, he said, of which 39.7% are in goodwill and other intangibles. "That's a little bit elevated for my comfort," he said. "Total liabilities less equity comes to $147.392 billion including a rather daunting looking $85.297 billion in long-term debt. Obviously, this is not one of the better looking 'big tech' balance sheets that we have analyzed." "That's going to take time to get squared away, especially if the firm feels pressured to maintain elevated levels of capital expenditures," Guilfoyle added, putting his price target at "a rough $204." Related: Tesla analyst makes surprise move on stock ahead of Robotaxi debut Piper Sandler saw a blast from the past in the results, according to The Fly. The investment firm, which raised its price target on Oracle to $190 from $130 and affirmed a neutral rating on the shares, said the San Francisco company "has entered an entirely new wave of enterprise popularity that it has not seen since the internet era in the late '90s." Piper said it was raising its estimates given increasing visibility into Oracle's growth potential. Increasing capital intensity risks that could widen the net-debt position and pressure margins in the short run keep the firm on the sidelines, assuming these risks elevate volatility and hinder expansion of the stock multiple, the report says. Bank of America raised its price target on Oracle stock to $220 from $156 and also maintained a neutral rating on the shares. Fourth-quarter cloud subscription growth of 27% was driven by software as a service growing 14% year-over-year in constant currency, said B o fA, which says it is encouraged by accelerating growth that is now in line with other application peers at the mid-teens. The company's "impressive" guidance for remaining performance obligations backs sustained momentum, but meaningful investment drives the outlook for capital spending higher, the analyst says. The pipeline for Oracle cloud infrastructure and artificial-intelligence deals is clearly trending well, B of A said. What is unclear is the trajectory of profitability, with ramping capital spending likely to weigh on gross margin, the firm added. Related: Fund-management veteran skips emotion in investment strategy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Miami Herald
an hour ago
- Miami Herald
Popular nationwide beauty chain files for Chapter 11 bankruptcy
The beauty industry has faced economic challenges and financial distress over the last five years since the Covid-19 pandemic temporarily derailed most retail industries. Companies have dealt with rising labor and product costs exacerbated by inflation, increased interest rates, cautious consumers who are watching their budgets in uncertain economic times, and fierce competition. Don't miss the move: Subscribe to TheStreet's free daily newsletter Some of the biggest names in the beauty business suffered from the Covid-19 fallout and filed for bankruptcy protection, including Revlon, which filed for Chapter 11 bankruptcy in June 2022, and Avon, which filed for Chapter 11 bankruptcy in August 2024. Related: Popular local Dairy Queen rival files for Chapter 11 bankruptcy Beauty technology company Cutera filed for a prepackaged Chapter 11 bankruptcy on March 5, 2025, to reduce its debt by $400 million, and award-winning cosmetics company SBLA Beauty filed for Chapter 11 protection on March 11, 2025, to reorganize its business and restructure its debt. Also, telehealth company Hims & Hers Health shut down its acne treatment dermatology business, Apostrophe, also on March 7, 2025, after buying the San Francisco-based company four years ago for about $190 million. The company, however, did not file for bankruptcy protection. Hims & Hers transitioned away from the Apostrophe brand and encouraged patients to try its brand's treatment options, the company revealed on its website. Another skincare brand Futurewise Inc. revealed that it discontinued orders on its website beginning March 24, 2025. "Goodbye for now," the skincare brand wrote on its website. "After a lot of thought, we have made the hard decision to sunset Futurewise. Futurewise, which offered its skincare products Slug Boost, Slug Cream, Slug Balm, and Face Melt, for its "slugging" practice of skincare, also did not file for bankruptcy. In addition to skin care products, spa services for weight loss, non-surgical body improvements, slimming, and toning are also a major part of the beauty industry. One beauty service chain in Tuscaloosa, Ala., faced severe financial issues, filed for bankruptcy, and closed its business. Medical spa Body Oasis filed for bankruptcy on Nov. 6, 2024, and shut down all of its operations, reportedly leaving customers in limbo, ABC-33/40 News reported. Finally, national spa services chain Contour Spa LLC filed for Chapter 11 bankruptcy protection to reorganize its business, facing significant debt obligations. Related: Huge auto parts company files for Chapter 11 bankruptcy The Orlando, Fla.-based company filed its petition in the U.S. Bankruptcy Court for the Middle District of Florida on June 11, while at least 23 affiliates filed their petitions the following day. More bankruptcy: Iconic auto repair chain franchise files Chapter 11 bankruptcyPopular beer brand closes down and files Chapter 7 bankruptcyPopular vodka and gin brand files for Chapter 11 bankruptcy The debtor listed $500,000 to $1 million in assets and $1 million to $10 million in liabilities in its petition, including over $562,000 owed to Lanco Equities, over $344.000 owed to Kash Advance LLC, over $339,000 owed to Formentera Capital Group, over $377,000 owed to Liberta Funding LLC, and over $239,000 owed to American Express. The company has authorized CEO Roger A. Farwell to seek approval of a debtor-in-possession financing agreement, according to RK Consultants. Contour Spa offers its Cryo Slimming sessions using its slimming and toning protocols designed to reduce cellulite, tighten skin, achieve permanent fat loss, and minimize stretch marks. The spa service also offers its Cryo Facials, which can be obtained for free through its $99 introductory offer, according to its website. Related: Major trucking company files Chapter 11 bankruptcy The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.